CART

(0) items

Insolvency and the Law of Offshore Trusts,9780199576272
This item qualifies for
FREE SHIPPING!
FREE SHIPPING OVER $59!

Your order must be $59 or more, you must select US Postal Service Shipping as your shipping preference, and the "Group my items into as few shipments as possible" option when you place your order.

Bulk sales, PO's, Marketplace Items, eBooks, Apparel, and DVDs not included.

Insolvency and the Law of Offshore Trusts

by ;
ISBN13:

9780199576272

ISBN10:
0199576270
Format:
Hardcover
Pub. Date:
8/4/2015
Publisher(s):
Oxford University Press

Questions About This Book?

Why should I rent this book?
Renting is easy, fast, and cheap! Renting from eCampus.com can save you hundreds of dollars compared to the cost of new or used books each semester. At the end of the semester, simply ship the book back to us with a free UPS shipping label! No need to worry about selling it back.
How do rental returns work?
Returning books is as easy as possible. As your rental due date approaches, we will email you several courtesy reminders. When you are ready to return, you can print a free UPS shipping label from our website at any time. Then, just return the book to your UPS driver or any staffed UPS location. You can even use the same box we shipped it in!
What version or edition is this?
This is the edition with a publication date of 8/4/2015.
What is included with this book?
  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.
  • The Rental copy of this book is not guaranteed to include any supplemental materials. You may receive a brand new copy, but typically, only the book itself.

Summary

Insolvency and the Law of Offshore Trustsis the first book to be dedicated solely to this topic. Publication is particularly timely due to the sudden changes in asset values going on around the world and the growth in interest in cross border insolvency. Offshore trusts typically contain assets which do or are likely to fall into the categories of assets affected by insolvency. The standards of trust administration are variable and, coupled with cash shortages and predicted interest rate rises, there is a very real risk that a significant number of trusts will become insolvent. Corbett and Prudhoe consider the position of the bankruptcy of the settler, beneficiaries, trustee and protectors according to the laws of England Wales, the US and offshore financial centers. There is also detailed analysis of insolvency of the trust fund itself according to the laws of the same jurisdictions. The authors examine the meaning and effect of an insolvent trust fund, the liability of trustees and the role of the courts in identifying trust assets, creditors and in resolving disputes. Corbett and Prudhoe also provide an explanation of suitable processes in jurisdictions where there is an absence of procedural rules. The final chapter of the book looks at avoidance measures to keep the trust fund out of insolvency considering practical issues, trust structures and the use of non-charitable purpose trusts. In an area with a limited number of authorities, such as this, readers will greatly benefit from the insight of the author who is a recognized expert in the trusts and insolvency fields with over 35 years experience. As well as being a practical guide to the known law and the rules likely to be applied where there is no developed body of law, this book also offers the reader guidance on how insolvency might be avoided in the first place. It will appeal to practitioners involved in offshore work across many jurisdictions and academics with an interest in the area.

Author Biography


James Corbett QC is a barrister at Serle Court, London. He was called to the Bar in 1975 and specializes in trusts and commercial litigation, corporate and personal insolvency and arbitration. He is a member of the Commercial Bar Association, the Chancery Bar Association and the Employment Law Bar Association. He is a recognized expert in the Trusts and Insolvency fields with over 35 years experience.
Tim Prudhoe is a barrister at Enterprise Chambers, London. His main practice areas are company and commercial litigation, corporate insolvency and contentious trust work. He undertakes such work both in England as well as several leading offshore jurisdictions. Tim is also admitted and practices in Bermuda, The British Virgin Islands and the Turks & Caicos Islands. He has developed an ongoing practice offshore and continues to accept instructions in those, as well as other, prominent offshore jurisdictions.


Please wait while the item is added to your cart...